Published 28. 3. 2014

Brownfield in Letnany to be revitalised

Revitalisation of a 6.5 hectare plot of land near the Letnany exhibition grounds has just started. The area is only 10 mins away from the underground line C, heretofore not used, this site is located in the growing suburb of Prague with 1,500 new apartments recently completed across the road from this new business park. A private investor has commenced the construction of the first scheme of its kind, intended for storage, office and retail purposes.

“As the only project in Letnany currently under construction, this development offers small, modern units for lease. The developer’s goal is not to build large storage halls. Instead, the design should be reminiscent of small storage units with an office element and feature partly glass facades. The development is expected to create new jobs in this area” says Laurent Jechoux from Cushman & Wakefield’s Industrial Letting Team that leases the premises.

One half of the project is currently preleased for mixed use. The companies that plan on locating their facilities there include Avis Color, a Czech paint retailer, Safemed medical devices, a German medical supplies producer, and AGC Automotive Replacement Glass Czech offering automobile glass repair services.

The reason why the investor has chosen to revitalise the area and why he has opted for SBU, is because they believe that small and medium sized businesses need this type of flexibility to grow and have a multipurpose premesis incorporating office, storage and even retail. The type of companies it is attracting are local businesses that want modern facilities at a reasonable cost.

The project, named the Letnany Business Park, will consist of five structures with a total leasable area of 26,000 square metres. The first building whose construction has just begun will be approximately 2,800 square metres large. Its opening is scheduled for the autumn of this year.

Read more in Press Release section

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